> On March 25, 1964, C. Douglas Dillon, the 57th Secretary of the
> Treasury announced that silver certificates would no longer be
> redeemable in silver dollars.
Or dollars of silver either. Merrill Jenkins explains the difference
better than I would.
> This decision was pursuant to the Act
> of June 4, 1963 (31 U.S.C. 405a-1). The Act allowed the exchange of
> silver certificates for silver bullion until June 24, 1968. This was
> the deadline set by the Congress. Since that date, there has been no
> obligation to issue silver in any form in exchange for these
> certificates. You may be interested to know that the Congress took
> this action because there were approximately three million silver
> dollars remaining in the Treasury Department's vaults. These coins
> had high numismatic values, and there was no way to make an
> equitable distribution of them among the many people holding silver
In other words, this was an admission that the Congress permitted more
certificates to be issued than it should have. It admitted its own
dishonesty. It had been told how to steal back the silver by Merrill
Jenkins, and it was ready and willing to do it. The story is retold in
Merrill's own book, "Everything I Have Is TheIR$".
> Gold certificates were withdrawn from circulation along with all
> gold coins and gold bullion as required by the Gold Reserve Act of
> 1934. Gold certificates circulated until December 28, 1933. That is
> when the President ordered private owners of gold certificates to
> deliver their notes to the Treasurer of the United States by
> midnight on January 17, 1934. It was then illegal to hold gold
> certificates. C. Douglas Dillon, the 57th Secretary of the Treasury,
> removed the restrictions on the acquisition or holding of these
> notes on April 24, 1964.
In other words, people who knew it was unlawful and bogus to seize their
gold from them, and kept it, were no longer law breakers?! Hah! More
like the government finally woke up and smelled a little coffee brewing.
> A person lawfully holding United
> States coins and currency may present the coins for currency . . .
> for exchange (dollar for dollar) for other United States coins and
> currency (other than gold and silver coins) that . . ." citizens may
> lawfully own. Although gold certificates are no longer produced and
> are not redeemable in gold, they still maintain their legal tender
> status. You may redeem the notes you have through the Treasury
> Department or any financial institution. The redemption, however,
> will be at the face value on the note.
What else would it be for, if not face value? This law is plainly
unconstitutional. Gold and silver were and are current as money
according to the Constitution, and were even BEFORE the constitution.
Currency is that which is current as money. They would like you to
believe that "cash" is paper. "Cash" can be placed "on the barrelhead"
and can be used in transactions that do not involve the least bit of
debt and therefore would not fall under the UCC. Can paper do that?
The government never lawfully obtained the power to steal the people's
money or property. Maybe someday a majority of the people will realize
it. Most likely not, as we slide into Third World conditions and the
children are all being brainwashed to be good socialists. Soon, us
crusty old troublemakers rambling on about law and real money and other
relics of the forgotten past will be gone and out of the way.